Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 20/06/2016, 13:58:42 UTC

You also have a very, very serious conflict of interest problem. Many of the original (and current) Ethereum devs are clesely tied to (or heavily invested in) theDAO.

So they are. I hadn't thought about that.

They would probably say that since the mining consensus decides there's no conflict but the fact is that "consenus" basically takes its lead from Vitalik. I don't consider him to be a money grabber - I think he's far more interested in the success of the project to care about how much Ether he has - but from a governance and corporate ethics point of view it is a pretty glaring conflict.

I think this whole episode is interesting for all of crypto. There's massively instructive precedent going to occur now for the whole industry so it's worth watching and seeing what happens. The amount of value involved is pretty colossal when you think about it. For there to be no judicial implications is utterly weird. I'm not saying there necessary should be as I'm not a lawyer but it's just incredible that that amount of loss can occur and appear to not ever ruffle the feathers of mainstream media or judicial regulatory authorities.

Also will be interesting to see what happens to all that Ether. 5% of the supply - does it go back to holders and get dumped on markets ? Does it go to Mircea Popescu who then dumps it cos he hates Ethereum ?